If you want to know why you can't find a decent apartment in new york city, a good place to start is at East Second Street and Avenue B. But it's important not to be deceived by appearances, because at first glance this intersection seems to be an advertisement for the supposed renaissance of New York. It can lure you into thinking that the Lower East Side, built and rebuilt by generations of immigrants, is being revived once again.

Continue reading how rent control destroyed the New York City rental housing market here.